These “higher wages” were simply unheard of within that era, and Ford was highly criticized by his fellow competitors because of it. The idea behind these wages was so his own workers and fellow working class Americans would be able to afford Ford’s own products, thus allowing him to make a higher profit off of his own workers. This business concept is well established within our society today, in fact several companies use the “Fordism” precedent to advance their own profits. However, this may come to a standstill as several young workers, being paid minimum wage, continuously protest for a high pay. The minimum wage is asked to be raised to about 15 dollars where as of right now, in Texas, it is about 7.50. In my opinion, I believe minimum wage jobs are for those in highschool, who are looking for a working experience. I don’t think adults should make a living off of one minimum wage
These “higher wages” were simply unheard of within that era, and Ford was highly criticized by his fellow competitors because of it. The idea behind these wages was so his own workers and fellow working class Americans would be able to afford Ford’s own products, thus allowing him to make a higher profit off of his own workers. This business concept is well established within our society today, in fact several companies use the “Fordism” precedent to advance their own profits. However, this may come to a standstill as several young workers, being paid minimum wage, continuously protest for a high pay. The minimum wage is asked to be raised to about 15 dollars where as of right now, in Texas, it is about 7.50. In my opinion, I believe minimum wage jobs are for those in highschool, who are looking for a working experience. I don’t think adults should make a living off of one minimum wage